Southwest Airlines Past Earnings Performance
Past criteria checks 0/6
Southwest Airlines's earnings have been declining at an average annual rate of -15.4%, while the Airlines industry saw earnings growing at 4.6% annually. Revenues have been growing at an average rate of 7.6% per year. Southwest Airlines's return on equity is 3.9%, and it has net margins of 1.5%.
Key information
-15.4%
Earnings growth rate
-17.2%
EPS growth rate
| Airlines Industry Growth | 0.09% |
| Revenue growth rate | 7.6% |
| Return on equity | 3.9% |
| Net Margin | 1.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
US$27.32: That's What Analysts Think Southwest Airlines Co. (NYSE:LUV) Is Worth After Its Latest Results
Apr 30
Southwest Airlines Is Set To Soar Again
Apr 29Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden
Apr 02Southwest Airlines: Maintain Hold Amid Higher Costs And Boeing Turmoil
Mar 13The Returns On Capital At Southwest Airlines (NYSE:LUV) Don't Inspire Confidence
Mar 02Southwest Airlines' (NYSE:LUV) Conservative Accounting Might Explain Soft Earnings
Feb 13Southwest Airlines' (NYSE:LUV) Dividend Will Be $0.18
Feb 09Southwest Airlines: Risking Going From One Extreme To The Other
Feb 02Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?
Feb 01Here's The Price I'll Buy Southwest Airlines Stock
Jan 23Southwest Airlines Co.'s (NYSE:LUV) P/E Is On The Mark
Jan 02Love Southwest Airlines, But Not At This Price
Dec 29Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden
Dec 18Southwest Airlines: Assessing The Holiday Season's Flight Path
Dec 14Southwest Airlines: Another Possible Holiday Disaster As Possible Pilot Strike Looms?
Nov 20There Are Reasons To Feel Uneasy About Southwest Airlines' (NYSE:LUV) Returns On Capital
Nov 15Southwest Airlines: More Pain To Come?
Nov 07Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?
Oct 31Southwest Airlines Gets Neutral Rating As Earnings Turbulence Roars Over Soaring Revenue
Oct 22Southwest Airlines Suffers Through Its Annus Horribilis (Rating Upgrade)
Sep 26Southwest Airlines: Up To 80% Undervalued If It Weren't For Macro Challenges
Sep 19These 4 Measures Indicate That Southwest Airlines (NYSE:LUV) Is Using Debt Extensively
Sep 12Southwest Airlines: Losing Its 'Operational Premium' Compared To Larger Peers
Aug 26Southwest Airlines' (NYSE:LUV) Returns On Capital Not Reflecting Well On The Business
Aug 09Not Loving Southwest As An Income Investor
Aug 08Southwest Airlines Has Clipped Wings Ahead Of Q2 Earnings
Jul 26At US$37.20, Is Southwest Airlines Co. (NYSE:LUV) Worth Looking At Closely?
Jul 25Southwest: Hold For Short Run, Buy For Long Term
Jul 06Southwest Airlines: Remains A Top Pick On Resilience And Adaptability
Jun 27Southwest Airlines: Time To Show Some Love For LUV
Jun 09Southwest Airlines (NYSE:LUV) Has A Pretty Healthy Balance Sheet
Jun 04Is Southwest Airlines Co. (NYSE:LUV) Trading At A 46% Discount?
May 08Is It Too Late To Consider Buying Southwest Airlines Co. (NYSE:LUV)?
Apr 24Some Investors May Be Worried About Southwest Airlines' (NYSE:LUV) Returns On Capital
Mar 27Southwest Airlines: Weighing The Rewards Against The Risks
Feb 21We Think Southwest Airlines (NYSE:LUV) Is Taking Some Risk With Its Debt
Feb 10Is Southwest Airlines A Good Investment After Its Epic Holiday Meltdown?
Jan 31Is Southwest Airlines Co. (NYSE:LUV) Trading At A 40% Discount?
Jan 29Southwest Airlines: No Strike Meltdown
Jan 20Should You Think About Buying Southwest Airlines Co. (NYSE:LUV) Now?
Jan 17Southwest reaches new agreement with unions for its flight instructors and technicians
Jan 13Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Southwest Airlines makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 26,714 | 393 | 266 | 0 |
| 31 Dec 23 | 26,091 | 465 | 266 | 0 |
| 30 Sep 23 | 25,440 | 497 | 226 | 0 |
| 30 Jun 23 | 25,135 | 581 | 226 | 0 |
| 31 Mar 23 | 24,826 | 658 | 224 | 0 |
| 31 Dec 22 | 23,814 | 539 | 224 | 0 |
| 30 Sep 22 | 22,693 | 827 | 186 | 0 |
| 30 Jun 22 | 21,152 | 996 | 186 | 0 |
| 31 Mar 22 | 18,432 | 583 | 186 | 0 |
| 31 Dec 21 | 15,790 | 977 | 185 | 0 |
| 30 Sep 21 | 12,752 | 1 | 157 | 0 |
| 30 Jun 21 | 9,866 | -1,602 | 157 | 0 |
| 31 Mar 21 | 6,866 | -2,864 | 157 | 0 |
| 31 Dec 20 | 9,048 | -3,074 | 157 | 0 |
| 30 Sep 20 | 12,765 | -1,653 | 216 | 0 |
| 30 Jun 20 | 16,611 | 163 | 216 | 0 |
| 31 Mar 20 | 21,513 | 1,819 | 216 | 0 |
| 31 Dec 19 | 22,428 | 2,300 | 216 | 0 |
| 30 Sep 19 | 22,402 | 2,441 | 227 | 0 |
| 30 Jun 19 | 22,338 | 2,398 | 227 | 0 |
| 31 Mar 19 | 22,170 | 2,389 | 227 | 0 |
| 31 Dec 18 | 21,965 | 2,465 | 215 | 0 |
| 30 Sep 18 | 21,519 | 3,558 | 238 | 0 |
| 30 Jun 18 | 21,247 | 3,470 | 238 | 0 |
| 31 Mar 18 | 21,236 | 3,481 | 238 | 0 |
| 31 Dec 17 | 21,146 | 3,357 | 238 | 0 |
| 30 Sep 17 | 20,963 | 2,132 | 232 | 0 |
| 30 Jun 17 | 20,800 | 1,993 | 232 | 0 |
| 31 Mar 17 | 20,453 | 2,070 | 232 | 0 |
| 31 Dec 16 | 20,289 | 2,183 | 244 | 0 |
| 30 Sep 16 | 20,327 | 2,258 | 218 | 0 |
| 30 Jun 16 | 20,333 | 2,453 | 218 | 0 |
| 31 Mar 16 | 20,060 | 2,241 | 218 | 0 |
| 31 Dec 15 | 19,648 | 2,181 | 218 | 0 |
| 30 Sep 15 | 19,299 | 1,835 | 207 | 0 |
| 30 Jun 15 | 18,952 | 1,580 | 207 | 0 |
| 31 Mar 15 | 18,853 | 1,437 | 207 | 0 |
| 31 Dec 14 | 18,605 | 1,136 | 207 | 0 |
| 30 Sep 14 | 18,405 | 1,158 | 208 | 0 |
| 30 Jun 14 | 18,150 | 1,088 | 208 | 0 |
| 31 Mar 14 | 17,781 | 847 | 208 | 0 |
| 31 Dec 13 | 17,699 | 754 | 208 | 0 |
| 30 Sep 13 | 17,444 | 620 | 223 | 0 |
| 30 Jun 13 | 17,209 | 377 | 223 | 0 |
Quality Earnings: LUV has a large one-off loss of $641.0M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: LUV's current net profit margins (1.5%) are lower than last year (2.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LUV's earnings have declined by 15.4% per year over the past 5 years.
Accelerating Growth: LUV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LUV had negative earnings growth (-40.3%) over the past year, making it difficult to compare to the Airlines industry average (43.9%).
Return on Equity
High ROE: LUV's Return on Equity (3.9%) is considered low.